Daily Crunch: Better.com CEO Vishal Garg said he was thinking about a $750 million SoftBank loan.


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It’s Friday the 13th. I hope nothing bad happened to you today. At least the weekend is here! At least you can catch up on the latest Terraform Labs news (Binance stops trading Luna and UST) and your favorite TechCruncher’s great podcasts. And secure a “seat” at the TechCrunch live event in Columbus on June 1st. See you on Monday! – Christine

TechCrunch Top 3

  • If Elon doesn’t buy Twitter, at least Snoop Dogg is ready to attack.: Early this morning Elon Musk tweeted that his proposed Twitter purchase was put on hold while he was using social media channels to determine the percentage of fake accounts. He also tweeted that he was “committed to the acquisition” but snoop dog tweet If Musk doesn’t run, his desire to run. His plans for him are actually not bad.
  • Eating out at Dineout: In some online food ordering M&A news, Swiggy announced that it would acquire Dineout in India, the OpenTable counterpart. This brings Swiggy into the food service sector long dominated in the country by Zomato, whose market capitalization has plummeted to around $5 billion. It also represents further consolidation within a huge market to understand the pandemic boost.
  • more layoffs: Natasha and Amanda have already been busy catching up with numerous tech layoffs over the past week, and unfortunately today we have another list that includes Section4, Carvana, and Latch. The meta is also not immune.

Startups and VCs

  • hook: This is what Better.com CEO Vishal Garg said about his $750 million SoftBank loan. Garg assumes personal responsibility for the loan and is therefore liable for any losses. However, in the event of a loss, the company could be affected as it would have to sell a lot of its stake in Better.com, which could negatively affect the stock. No matter how you look at it, it’s still a mess.
  • Dress up as an indie brand: China-based Body404 is confident that the West will embrace the next generation of apparel designers who want to offer something more than just a cheap runway. After raising $50 million in March, they were rewarded in that the company was valued at $50 million. Also interesting is that customers do not return clothes. Body404’s return rate is around 2%, well below the fashion industry average of 10%.
  • play with a cause: Frank Reig, head of Revel, a company that builds fast-charging hubs for electric vehicles, has caught up. Rebecca Share Moped discusses the company’s changes and the distance Revel has traveled to drive electric vehicle adoption.
  • Watch and get paid: Our attention is valuable and is often drawn in a different direction. WeAre8 wants to reward you for watching an ad, something that DVR has been able to skip over years. The company is led by advertising expert Sue Fennessy, which aims to raise advertising money from social media giants like Facebook and use it for good causes.

Pitch Deck Teardown: Dutch’s $20 Million Series A Deck

Pitch deck cover slide with cute puppy overlaid with the word DUTCH and TechCrunch Pitch Deck Teardown

Image Credits: Dutch

Joe Spector, CEO and founder of virtual veterinary management platform Dutch, initially planned to raise $15 million in Series A, but his pitch deck skillfully blends adorable pet visuals with market research and traction metrics, eventually reaching $20 million. The round of the dollar has ended.

Dutch’s Deck tells a compelling story of how Talent allows a company to use seed funding to get services up and running in less than three months, build a brand identity, build a team, and scale from 12 to 32 states. I write on the pitch. deck disassembly.

If you’re working on presentation material and need some inspiration, start here. TC+ members have access to all 17 slides.

(TechCrunch+ is a membership program that helps founders and startup teams stay ahead. You can sign up here.)

Big Tech

Raw, Raw, Raw Peloton: you’re right. Peloton is looking to end a tough week on a positive note by adding another oar to the highly competitive rowing machine market. After selling my Peloton bikes in 2019, this caught my attention as I discovered a love for rowing. I wish the price tag was a little more familiar to my budget than the bike.

Zoom celebrates Customer Service Day.: Video communications giant acquires conversational AI company Solvvy to deliver customer service experiences within Zoom toolset. The company’s stock is on the news, so it looks like Zoom made a wise choice.

Don’t miss the next story.



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